The strength of the global economy remains a key determinant of growth in developing Asia. The major industrial economies are expected to grow close to potential and global trade will remain firm this year.
Rapid poverty reduction requires not only high rates of economic growth but also that the benefits of this growth be distributed more equitably.
Strengthening the inclusiveness of the growth process is a precondition to sustaining high growth rates.
In India, for example, we could step back from 7-8 per cent growth to 3-4 per cent growth very easily within five to six years if unemployment and underemployment is not addressed.
Strong economic growth alone won't solve the problem.
In order for rapid population growth to matter, a nation must steadily create good, decent- paying jobs to benefit from it.
The healthy expansion is expected to continue drawing on strong internal dynamics, particularly, growth in the PRC and structural improvements in South Asia.